If "too much choice" is a problem for consumers, it would occur in which market structure(s)?
a. perfect competition
b. monopoly
c. monopolistic competition
d. perfect competition and monopolistic competition
c
You might also like to view...
In the following table, the United States has an absolute advantage in producing___________?
| COUNTRY | POTATOES | WHEAT |
| United States | 4 | 2 |
| Ireland | 3 | 1 |
If a person is taxed $100 on an income of $1,000 . taxed $180 on an income of $2,000 . and taxed $220 on an income of $3,000 . this person is paying a:
a. progressive tax. b. poll tax. c. proportional tax. d. regressive tax. e. retro tax.
Shelly purchases a leather purse for $400. One can infer that:
A. her reservation price was at least $400. B. her reservation price was exactly $400. C. she paid too much. D. her reservation price was less than $400.
Which of the following reasons best explains why Julio mows his lawn, cleans up trash in his yard, paints his shutters, and does other maintenance projects on his house?
A. Scarcity B. Opportunity cost C. Property rights D. Specialization and trade